AUSTIN The Texas Senate Tuesday confirmed Governor Rick Perrys appointment of Eric C. McDonald of Lubbock to the Teacher Retirement System of Texas (TRS) Board of Trustees. Gov. Perry appointed McDonald to the board on March 27 for a term to expire on August 31 2013. Board members act as trustees for TRS funds securities and other assets.
McDonald is owner and chief investment officer of McDonald Capital Management. He is a chartered financial analyst and an advisory board member of the Texas Tech Student Managed Investment Fund and State Board of Education Permanent School Fund Investment.
He is also a board member of the Texas Tech Ranching Heritage Association Endowment and South Plains Council of the Boys Scouts of America and past president of the Rotary Club of Greater Lubbock. McDonald received a bachelors degree from the University of Texas at Austin and a masters of business administration from Texas Tech University. McDonald replaces Jim Lee of Houston.
We are very pleased to welcome Mr. McDonald to the TRS Board" said TRS Board Chair Linus Wright. His experience in investments and financial analysis should enable him to make valuable contributions that will benefit TRS and our members."
In addition to McDonald the Texas Senate also confirmed Charlotte Clifton of Snyder Robert Gauntt of Houston and R. David Kelly of Dallas as TRS trustees. They were appointed by Gov. Perry prior to the 81st Legislative Session.
TRS delivers retirement and related benefits authorized by the Texas Legislature and manages an approximate $70.6 billion trust fund established to finance member benefits. More than 1.2 million public education and higher education employees and retirees participate in the system.
AUSTIN The Texas Senate Tuesday confirmed Governor Rick Perrys appointment of Eric C. McDonald of Lubbock to the Teacher Retirement System of Texas (TRS) Board of Trustees. Gov. Perry appointed McDonald to the board on March 27 for a term to expire on August 31 2013. Board members act as trustees for TRS funds securities and other assets.
McDonald is owner and chief investment officer of McDonald Capital Management. He is a chartered financial analyst and an advisory board member of the Texas Tech Student Managed Investment Fund and State Board of Education Permanent School Fund Investment.
He is also a board member of the Texas Tech Ranching Heritage Association Endowment and South Plains Council of the Boys Scouts of America and past president of the Rotary Club of Greater Lubbock. McDonald received a bachelors degree from the University of Texas at Austin and a masters of business administration from Texas Tech University. McDonald replaces Jim Lee of Houston.
We are very pleased to welcome Mr. McDonald to the TRS Board" said TRS Board Chair Linus Wright. His experience in investments and financial analysis should enable him to make valuable contributions that will benefit TRS and our members."
In addition to McDonald the Texas Senate also confirmed Charlotte Clifton of Snyder Robert Gauntt of Houston and R. David Kelly of Dallas as TRS trustees. They were appointed by Gov. Perry prior to the 81st Legislative Session.
TRS delivers retirement and related benefits authorized by the Texas Legislature and manages an approximate $70.6 billion trust fund established to finance member benefits. More than 1.2 million public education and higher education employees and retirees participate in the system.
